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Franklin Electric (FELE) director logs RSU vesting and tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FRANKLIN ELECTRIC CO INC director Gregg C. Sengstack reported routine equity compensation adjustments. On May 1, 2026, he received an award of 366 shares of common stock at $99.44 per share, tied to the vesting of restricted stock.

To cover tax obligations, 145 shares were withheld, a non-market "F" code tax-withholding disposition. After these entries, his direct holdings in Franklin Electric common stock totaled 117,125 shares, which footnotes state include 4,030 restricted shares vesting monthly through April 1, 2027, 11,436 restricted stock units vesting on February 22, 2027, and 101,514 shares owned outright.

He also reports indirect holdings through several entities, including 29,687 shares held by the Sengstack Family Foundation, where he has sole voting and dispositive power, and additional trust positions associated with him and his spouse.

Positive

  • None.

Negative

  • None.
Insider SENGSTACK GREGG C
Role null
Type Security Shares Price Value
Grant/Award common stock 366 $99.44 $36K
Tax Withholding common stock 145 $99.44 $14K
holding common stock -- -- --
holding common stock -- -- --
holding common stock -- -- --
holding common stock -- -- --
Holdings After Transaction: common stock — 117,125 shares (Direct, null); common stock — 29,687 shares (Indirect, By Sengstack Family Foundation)
Footnotes (1)
  1. Vest of restricted stock awards. Includes 4,030 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 101,514 shares owned outright. Represents shares held of record by the Sengstack Family Foundation, for which the reporting person is the president and over which the reporting person has sole voting and dispositive power. Represents shares held of record by the Gregg Sengstack 2020 Dynasty Trust, for which the reporting person's spouse is the trustee and over which the reporting person does not have sole voting and investment power. Represents shares held of record by the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the Dianne Sengstack 2025 Special Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and dispositive power.
Restricted stock award 366 shares at $99.44 Granted/vested on May 1, 2026
Tax-withholding shares 145 shares at $99.44 Withheld to cover tax liability on vesting
Direct holdings after transactions 117,125 shares Franklin Electric common stock following May 1, 2026 entries
Restricted shares in direct total 4,030 shares Vest monthly in equal installments through April 1, 2027
Restricted stock units 11,436 units Vest on February 22, 2027
Outright owned shares 101,514 shares Component of direct holdings owned outright
Family foundation holdings 29,687 shares Held by Sengstack Family Foundation with sole voting and dispositive power
restricted stock units financial
"11,436 restricted stock units that vest on 2/22/2027"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Dynasty Trust financial
"Gregg Sengstack 2020 Dynasty Trust, for which the reporting person's spouse is the trustee"
dispositive power financial
"over which the reporting person has sole voting and dispositive power"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
restricted shares financial
"Includes 4,030 restricted shares that vest monthly in equal installments"
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SENGSTACK GREGG C
(Last)(First)(Middle)
9255 COVERDALE RD
(Street)
FORT WAYNE INDIANA 46809
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FRANKLIN ELECTRIC CO INC [ FELE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
common stock05/01/2026A366(1)A$99.44117,125D
common stock05/01/2026F145D$99.44116,980(2)D
common stock29,687IBy Sengstack Family Foundation(3)
common stock160,000IBy Reporting Person's Trust(4)
common stock115,000IBy Spouse's Trust(5)
common stock56,900IBy Spouse's Special Trust #1(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Vest of restricted stock awards.
2. Includes 4,030 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 101,514 shares owned outright.
3. Represents shares held of record by the Sengstack Family Foundation, for which the reporting person is the president and over which the reporting person has sole voting and dispositive power.
4. Represents shares held of record by the Gregg Sengstack 2020 Dynasty Trust, for which the reporting person's spouse is the trustee and over which the reporting person does not have sole voting and investment power.
5. Represents shares held of record by the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
6. Represents shares held of record by the Dianne Sengstack 2025 Special Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and dispositive power.
Remarks:
Jonathan M. Grandon, power of attorney for Gregg C. Sengstack05/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Franklin Electric (FELE) report for Gregg C. Sengstack?

Gregg C. Sengstack reported a vesting-related award of 366 Franklin Electric shares at $99.44 and a tax-withholding disposition of 145 shares. These Form 4 entries reflect routine equity compensation activity rather than open-market buying or selling.

How many Franklin Electric (FELE) shares does Gregg C. Sengstack hold directly after this Form 4?

Following the reported transactions, Gregg C. Sengstack directly holds 117,125 Franklin Electric common shares. Footnotes note this includes 4,030 restricted shares, 11,436 restricted stock units scheduled to vest, and 101,514 shares owned outright in his name.

What does the tax-withholding transaction mean in the Franklin Electric (FELE) Form 4?

The Form 4 shows an "F" code disposition of 145 Franklin Electric shares at $99.44. This represents shares withheld to pay taxes due on the vesting of restricted stock, not an open-market sale, so it does not reflect a discretionary trading decision.

What indirect Franklin Electric (FELE) holdings are associated with Gregg C. Sengstack?

Indirect holdings include 29,687 Franklin Electric shares held by the Sengstack Family Foundation, where he has sole voting and dispositive power, and additional shares held in various trusts linked to him and his spouse, each with specified voting and investment authority.

How are restricted stock and RSUs described in this Franklin Electric (FELE) filing?

Footnotes explain that Gregg C. Sengstack’s direct total includes 4,030 restricted shares vesting monthly through April 1, 2027, and 11,436 restricted stock units vesting on February 22, 2027. These awards represent time-based equity compensation rather than immediate, freely tradable shares.